Taiwan New Dollar

The Taiwan New Dollar (TWD) is the official currency of Taiwan. It is subdivided into 100 cents. The currency symbol is often represented as NT$.

History

The New Taiwan Dollar was launched in 1949, replacing the Old Taiwan Dollar. It was introduced to stabilize the country's economy after World War II.

Features

• Banknotes: Available in denominations of NT$100, NT$200, NT$500, and NT$1,000.
• Coins: Available in denominations of NT$1, NT$5, NT$10, NT$20, and NT$50.

Exchange Rates

Exchange rates fluctuate based on market conditions. It's advisable to check current rates before making currency exchanges.

Usage

The New Taiwan Dollar is mainly used for transactions within Taiwan but is also accepted in some parts of neighboring countries.